Trivest Advisors Ltd Sells 775,940 Shares of NVIDIA Co. (NASDAQ:NVDA)

Trivest Advisors Ltd lowered its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 64.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,860 shares of the computer hardware maker’s stock after selling 775,940 shares during the quarter. NVIDIA accounts for approximately 13.5% of Trivest Advisors Ltd’s portfolio, making the stock its 3rd largest position. Trivest Advisors Ltd’s holdings in NVIDIA were worth $183,505,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Lineweaver Wealth Advisors LLC raised its holdings in shares of NVIDIA by 0.9% in the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock valued at $1,029,000 after buying an additional 22 shares during the period. Family Legacy Inc. increased its holdings in NVIDIA by 4.1% during the 3rd quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock worth $241,000 after purchasing an additional 22 shares during the period. Cassia Capital Partners LLC increased its holdings in NVIDIA by 2.0% during the 3rd quarter. Cassia Capital Partners LLC now owns 1,193 shares of the computer hardware maker’s stock worth $519,000 after purchasing an additional 23 shares during the period. Yarger Wealth Strategies LLC increased its holdings in NVIDIA by 1.9% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 1,210 shares of the computer hardware maker’s stock worth $526,000 after purchasing an additional 23 shares during the period. Finally, LWM Advisory Services LLC increased its holdings in NVIDIA by 1.2% during the 2nd quarter. LWM Advisory Services LLC now owns 2,018 shares of the computer hardware maker’s stock worth $855,000 after purchasing an additional 24 shares during the period. Institutional investors own 64.79% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent research reports. Rosenblatt Securities restated a “buy” rating on shares of NVIDIA in a report on Wednesday, November 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price objective on shares of NVIDIA in a research report on Wednesday, November 22nd. Bank of America upped their price objective on NVIDIA from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $620.00 price objective on shares of NVIDIA in a research report on Friday, November 17th. Finally, Mizuho upped their price objective on NVIDIA from $590.00 to $625.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $616.35.

Check Out Our Latest Stock Analysis on NVIDIA

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 10,400 shares of NVIDIA stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $481.60, for a total value of $5,008,640.00. Following the transaction, the director now owns 979,431 shares in the company, valued at $471,693,969.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the sale, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 10,400 shares of NVIDIA stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $481.60, for a total value of $5,008,640.00. Following the sale, the director now directly owns 979,431 shares in the company, valued at $471,693,969.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,216 shares of company stock worth $79,810,950. 3.99% of the stock is owned by insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $700.99 on Thursday. NVIDIA Co. has a 1-year low of $204.21 and a 1-year high of $702.20. The company has a market capitalization of $1.73 trillion, a P/E ratio of 92.48, a PEG ratio of 2.78 and a beta of 1.69. The business has a 50 day moving average price of $535.91 and a 200 day moving average price of $481.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.59 and a quick ratio of 3.06.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.99. The firm had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $16.19 billion. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. NVIDIA’s quarterly revenue was up 205.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Sell-side analysts expect that NVIDIA Co. will post 11.07 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, December 5th. NVIDIA’s payout ratio is currently 2.11%.

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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